Amex Exploration Inc. announced a best efforts private placement to issue 9,661,000 common shares at a price of CAD 4.50 per Common Share for aggregate gross proceeds of up to CAD 43,474,500 on May 5, 2026. The Agents have also been granted an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to sell up to an additional 1,449,150 Common Shares at the Offering Price for additional gross proceeds of up to CAD 6,521,175. The Offering is expected to close on or about May 21, 2026.
Completion of the Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. In connection with the Offering, the Company will pay to the Agents a cash commission equal to 5% of the gross proceeds of the Offering. The company anticipates that Eldorado Gold Corporation will exercise its participation right to purchase common shares at the offering price, and Victor Cantore, President and CEO of the company also intends to participate in the Offering for an amount representing up to his pro rata interest in the Company.
